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“# Telegram to pay $625K in fees after dropping ‘GRAM’ ticker lawsuit ” Telegram Messenger Inc. has been ordered to pay nearly $625,000 worth of legal fees to a small cryptocurrency firm that it sued over using the ‘GRAM’ crypto-ticker and trademark. In a Nov. 2 ruling, U.S District Judge Charles Breyer granted $618,240 in…
“# Prosecutors seek harsh sentence for fraudster behind celeb-spruiked ICO ” U.S. federal prosecutors are pushing for a heavy prison sentence to be levied against one of the founders of Centra Tech — the company behind a notorious initial coin offering (ICO) in 2017 that was promoted by professional boxer Floyd Mayweather and musician DJ…
“# Bill Hinman, who spearheaded the SEC’s early crypto guidance, is leaving the commission ” On Wednesday, the Securities and Exchange Commission (SEC) announced the departure of William Hinman by the end of this year. Hinman joined the commission in 2017 and is currently the director of the SEC’s Division of Corporate Finance. He was…
“# SEC sees $5M victory in case against Kik ” On Wednesday, the U.S. Securities and Exchange Commission announced the end of its lawsuit against Kik Interactive. The Canadian messenger app fell afoul of the U.S. regulator for failing to treat its sale of KIN tokens as a securities offering. A district judge confirmed the SEC’s…
“# Abramoff-linked crypto firm says SEC has no case against it ” The NAC Foundation has accused the United States Securities and Exchange Commission of misconduct in an ongoing case. According to court documents Oct. 20, Rowland Marcus Andrade and his company NAC Foundation asked a San Francisco federal judge to dismiss the SEC’s June lawsuit alleging…
“# Law Decoded: Police and thieves on their screens, Oct 2–9 “ Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note Historians typically date the birth of international policing as we know it today to the 1800s, a response to the explosion in…
“# These are the end days for crypto criminals, and good riddance ” John McAfee’s recent detention in Spain caps off a few weeks where crypto news feeds have been dusted with reports of regulator enforcement actions and bans, arrests, and an exchange hack. Crypto news hasn’t looked like this in a while. The terrain…
“# Legal firms sling mud in $8.3M Tezos settlement fees battle ” Negotiations between six legal firms over $8.3 million in attorney’s fees awarded from Tezos’ $25 million class-action settlement has descended into “unseemly mudslinging,” according to lawyers representing Block & Leviton LLP (B&L) and Hagens Berman Sobol Shapiro LLP. The $25 cash million settlement…